CNXT vs. CAS
CNXT (VanEck Vectors ChinaAMC SME-ChiNext ETF) and CAS (Simplify China A Shares PLUS Income ETF) are both China Equities funds. CNXT is passively managed, while CAS is actively managed. A 0.63 correlation means they provide meaningful diversification when combined. CNXT charges 0.65%/yr vs 0.88%/yr for CAS.
Performance
CNXT vs. CAS - Performance Comparison
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Returns By Period
CNXT
- 1D
- 2.79%
- 1M
- 12.07%
- YTD
- 42.18%
- 6M
- 40.51%
- 1Y
- 133.47%
- 3Y*
- 30.57%
- 5Y*
- 5.56%
- 10Y*
- 7.89%
CAS
- 1D
- -1.70%
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CNXT vs. CAS - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
CNXT VanEck Vectors ChinaAMC SME-ChiNext ETF | 6.49% |
CAS Simplify China A Shares PLUS Income ETF | -5.11% |
Correlation
The correlation between CNXT and CAS is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 4, 2026 | 0.63 |
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Return for Risk
CNXT vs. CAS — Risk / Return Rank
CNXT
CAS
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CNXT vs. CAS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors ChinaAMC SME-ChiNext ETF (CNXT) and Simplify China A Shares PLUS Income ETF (CAS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CNXT | CAS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.60 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 11.00 | — | — |
| Martin ratioReturn relative to average drawdown | 32.51 | — | — |
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Drawdowns
CNXT vs. CAS - Drawdown Comparison
The maximum CNXT drawdown since its inception was -68.98%, which is greater than CAS's maximum drawdown of -5.11%. Use the drawdown chart below to compare losses from any high point for CNXT and CAS.
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Drawdown Indicators
| CNXT | CAS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.98% | -5.11% | -63.87% |
Max Drawdown (1Y)Largest decline over 1 year | -12.21% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -48.60% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -61.21% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -63.30% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -5.11% | +5.11% |
Average DrawdownAverage peak-to-trough decline | -42.78% | -3.16% | -39.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.12% | — | — |
Volatility
CNXT vs. CAS - Volatility Comparison
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Volatility by Period
| CNXT | CAS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.81% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 21.89% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 32.03% | 13.51% | +18.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.48% | 13.51% | +21.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.76% | 13.51% | +18.25% |
CNXT vs. CAS - Expense Ratio Comparison
CNXT has a 0.65% expense ratio, which is lower than CAS's 0.88% expense ratio.
Dividends
CNXT vs. CAS - Dividend Comparison
CNXT's dividend yield for the trailing twelve months is around 0.13%, while CAS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
CAS Simplify China A Shares PLUS Income ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CNXT VanEck Vectors ChinaAMC SME-ChiNext ETF | 0.13% | 0.18% | 0.15% | 0.00% | 0.00% | 9.22% | 0.01% | 0.45% | 0.00% | 0.19% |
Frequently Asked Questions
CNXT and CAS have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CNXT is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CNXT is cheaper with a 0.65% expense ratio, compared with 0.88% for CAS.
CNXT has the higher dividend yield at 0.13%, compared with 0.00% for CAS.
They also come from different issuers: VanEck and Simplify. Their fees differ too: 0.65% for CNXT and 0.88% for CAS.
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